Fayol attempted to develop a universal theory of management and stressed upon need for teaching the theory of management. Taylor focused his attention on fact by management and his principles are applicable on shop floor. But Fayol concentrated on function of managers and on general principles of management wheel could be equally applied in all.
Criticism on 14 principles of Henry Fayol - 1. According to few management experts his theory is incomplete and narrow 2. His 14 principles are analysed from top-bottom approach only 3. Much attention on Functional aspect and neglects structural aspects 4. Few principles overlap each other 5. Too formal - Fayol's theory is said to be very formal.
Some of the major functions of management according to henry fayol are as follows: Different theorists have cut the pie of management in pieces of different size and shape. Some classify the functions of management as few as three while others even in more than a dozen. Various experts have classified functions of management.
Administrative theory is the third pillar or component of classical theory of organisation and management. During the first half of the twentieth century a body of knowledge termed as administrative management theory was developed. Henry Fayol was its most important exponent. The pattern of management was established by Henry Fayol.